S&P 500 (SPY) Ending Week At Key Resistance Point

The S&P 500 has managed to close above 2,800 this week and make a new 2019 high, but the index is still dealing with resistance between 2,815-2,820.  As shown in the charts for SPY below, this is an area that the index has tested (and failed) five times already over the last six months. It would be a fitting end to what has been a strong week for US equities if the S&P could finally break through resistance today. All it will take to push through is a gain of roughly 50 basis points today. Happy Friday trading!

Disclaimer: To begin receiving both our technical and fundamental analysis of the natural gas market on a daily basis, and view our various models breaking down weather by natural gas demand ...

more
How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.